Anthropic lost $80.7 billion in six months, its prospectus shows.

89.6% of the loss is a paper charge from revaluing convertible notes and similar instruments.

Notes held by early investors are carried at fair value, so every valuation rise books a loss.

Anthropic’s compute commitments top $600 billion, data show, many payable regardless of usage until 2034.

Anthropic targets a November Nasdaq listing at a $1.5 trillion to $2 trillion valuation.

How each outlet framed it
TMTPost leans critical
reads Anthropic's $80.7B H1 loss against SpaceX's Starlink-funded profit, arguing the gap is cost structure, not revenue

Sources: TMTPost